Explanation
BACKGROUND: This legislation authorizes the Finance and Management Director to modify the contract with Brinks Incorporated for Armored Car Services to allow for price escalations subject to the receipt of proper documentation. The original contract did not allow for price escalations and the contract holder is now requesting a price escalation for this UTC. The term of the contract is through March 31, 2021 and for the option to extend for two additional one year periods.
No additional funds are necessary to modify the option contract(s) as requested. There is no change in the type of products being procured and the original contract was formally bid. The original terms and conditions remain in effect.
EMERGENCY DESIGNATION: The Finance and Management Department respectfully requests this legislation be considered an emergency in order to maintain an uninterrupted supply of Armored Car Services.
FISCAL IMPACT: No additional funding is required to modify the option contract. The various City departments must set aside their own funding for their estimated expenditures.
Title
To authorize the Finance and Management Director to modify the contract for Armored Car Services with Brinks Incorporated to insert price escalator language into the contract to allow for price escalations; and to declare an emergency.
Body
WHEREAS, the Finance and Management Department, Purchasing Office has an option contract for Armored Car Services for use by various City of Columbus agencies; and
WHEREAS, the original contract did not allow for price escalations, and
WHEREAS, the contractor is now requesting a price increase, and
WHEREAS, an emergency exists in the usual daily operation of the Department of Finance and Management in that it is immediately necessary to authorize the Finance and Management Director to modify the contract with Brinks Incorporated for Armored Car Services to allow for price increases to maintain an uninterrupted supply ...
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